Telefonica's Spain Sales Rebound Fails to Reassure Investors

Updated on
  • Latin America posts declines amid Colombia, Brazil slowdown
  • Spain earnings slip even as sales rise for 1st time since 2008

Telefonica SA’s stemming of a seven-year revenue decline in Spain failed to convince investors a rebound is sustainable, while earnings from Latin America slipped as regional currencies weakened against the euro during the third quarter. The stock fell.

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